5 AI Bubble Stocks to Short Now According to Reddit

​3. Figma, Inc. (NYSE:FIG)

Number of Hedge Fund Holders: 51

Figma, Inc. (NYSE:FIG) is one of the AI Bubble Stocks to Short Now According to Reddit. The stock has declined more than 38% on a year-to-date basis, and the stock’s short float has exceeded 36%. According to Reddit, many investors are betting against Figma, Inc. (NYSE:FIG) due to the looming threat from AI. However, the stock surged more than 44% in May after significantly beating Q1 revenue expectations and raising its full-year guidance.

The company posted quarterly revenue of $333.44 million in Q1 2026, reflecting a 46% year-over-year growth. It was the second consecutive quarter of accelerating growth. Management attributed the strong expansion across organizations to the rapid adoption of AI products, including Figma Make, MCP, and Figma Weave. As a result, paid customers grew 54% year over year to approximately 690,000, while larger customers spending over $100,000 annually grew 48%.

​AI adoption is proving to be a meaningful driver of revenue, according to management, roughly 60% of enterprise customers use Figma Make weekly, and MCP weekly active users grew fivefold quarter over quarter. Looking ahead, the company raised its full-year 2026 revenue guidance by $55 million to approximately $1.425 billion.

​Figma Inc. (NYSE:FIG) provides a browser-based platform for design, prototyping, and building digital experiences.